/biz/ - Business & Finance

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>>50584759
Nigger I barely scrap by because I haven't made money since 2017 bullrun, people are out there dying of hunger because inflation and wars. Fuck you nigger you have it too good.

>>50584852
The thing is I live around a bunch of families like this. In fact, I have the smallest house of my neighbors and I probably make the least amount of money

> I have decent savings
how much do you need to be considered decent savings?

>>50584929
I think of you have enough to pay your bills for a few months to a year, you're probably in good shape. Any more and you're incurring opportunity cost by not doing something with your money

>>50584957
thanks anon. What would you consider doing with the excess?

>>50584929
I'd consider it anything over 6 months salary

>>50584759
>26
>make 120k kangaroo bucks per year
>have somewhere around 150k spread over stocks, ETFs, and crypto though that was closer to 300k at the beginning of the year
>have another 22k in cash
>a couple of old Jap import cars
See, it's odd because on paper I'm doing okay. But I feel like I'm underwater and sinking. Can't afford a house because they're seven figures here. I could move away from the city but that would mean cutting my income in half which would make quality of life worse and kill most of my ability to save. I'm effectively capped out in my career and there's not really anywhere to move upward. Broke it off with my girlfriend of two years recently as well, kinda don't have much direction anymore without her around.

So to answer your question, no, I'm a bit of a disaster. Thinking that perhaps the very best thing I could do for myself is study part time, get a degree while continuing to work, and transitioning to a different career field with more upward mobility. But it comes down to opportunity cost, right? I could get a degree and start out in a new career field where I might make no more than $70k/year for the first few years. That would push out my retirement timeline even further.

I know it sounds a bit silver spoon, but I honest to god have absolutely no idea how people on average incomes are making ends meet while working toward their retirement, blows my fuckin mind. Feel like I'm just getting by as it is.

>>50584964
If you have the space, buy physical goods that appreciate over time (real estate, vintage records, retro games, high end watches...etc). If you don't have space, consider doing day trading with stocks and options if you have the time to do research and test a lot of bests. If you really don't want to think about it, put it in an IRA and just forget about it.

>>50584979
> I honest to god have absolutely no idea how people on average incomes are making ends meet while working toward their retirement, blows my fuckin mind
They aren't working toward their retirement, that's exactly the thing. They have no excess funds to do so.

>>50584979
just keep doing what you're doing and dca into btc, eth and link over the next two year bear market.

>>50584979
Well many people are married/have a partner and so have 2 incomes...don't underestimate how much stability that brings personally and financially. Although I am surprised that you can't get a condo or something with your income and investments

>>50585026
>Although I am surprised that you can't get a condo or something with your income and investments
He definitely could, he just thinks he has to buy the actual full sale price all at once or he wants to buy it outright and not have a mortgage. He could definitely have one and put like 20% down

>>50584759
So is the post-30 tinder game still worth it?
Youngins still up for it?

>>50585046
A man in his 30s who is well established and had a good income is worth a lot more than a young man in his early 20d who doesn't want anything. The memes of women trying to settle down in their 30s is real. I rarely hook up with youngins but I have a very high success rate with women my age. I usually date them for a few weeks before breaking things off because I do not personally like most women I meet on dating sites

I'm 26 and just dumped all of my savings and crypto proceeds of about 90k into buying a house. My salary plus my gf's salary plus rental income she gets (she is Chinese and had a load of cash from property to buy to let) make things very comfy and safe.

>>50585147
*90k bong pounds

>>50584759
no

>>50584759
Nope and nope

>>50584759
>>50584899
>>50584957
>>50584996
>>50585026
>>50585091
is /biz a normie board now? get out reeeee

>>50584759
Early 20s with a decent work from home gig and low bills. Starting to hit the gym regularly and my trading is improving a lot during the bera. I have high hopes and aspirations for the future

I'm a broke 27 year old khv.
I have an ugly face with crooked teeth that needs like 15 grand to fix.
Stopped going to the gym about a month ago after regular usage for 5 years.
Feelin lost bros

>>50584759
It's easy to be in your situation, that's when you actually wants lto build a family that no amount of money is enough

I have lots of cash to spare, a comfy wfh job, portfolio is in tatters but that's ok.
I really despise the faggots who come here to cry all day. They deserve the hell they live.

>>50585448
based

>>50584759
I'm doing great. I wake up each morning happy, and advance toward my goals every day. The life I live right now is the life I dreamed about ten years ago.

>>50585431
Make some money, fix your teeth, go to the gym.

>>50584759
I'm about to turn 26, living in my mom's basement. Im diabetic (type 1, not the fat kind) so when i turn 26 i need to have my own healthcare to live. Ive been unemployed for like 8 months now, and I'm having so much trouble with my sleep that idk if i can actually wake up and get my ass to a job without getting fired. I have almost no money left. I'm doing worse than i ever have

>>50584759
I'm 35 better off than most. Co owned 3 homes with my brother, 2 had mortgages. We sold one in 2014 for 20,000 net profit. Had 160k in crypto at peak. It's down to around 55k. Have about 850,000k worth in the two co owned homes. 70k left on mortgage. Have I think 120k in personal savings and investments.
I have a shit job that pays minimum wage. I have poor heath and Aspergers so I doubt I will get married. Have had women offer sex, but turned them down because they were not at all close to marriage material. Not sure if that makes me an incel but I don't care a whole lot. I like being alone and I always loose way more than I put in with dating.

>>50585512
Also, for the past few years I've been a tradie, but with the diabetes and my knees feeling like they're going to explode some days. I'm trying to change careers but as a guy with no degree and no experience with anything but construction, i feel so lost like ill never make it into a decent career where i can even get to $80k/yr

>>50584759
3½ months to 30 haven't worked a single real job in my life. Crypto is doing so so. Hope to make a respectable sum in crypto before 30. But what about job? I get NEETshamed often.

Just turned 40. About to have my 2nd kid (wish I would have had them earlier). I have a 4000 SQ ft 5 bedroom house in a nice neighborhood. My wife and I both work and both make about $85K. We are by no means rich but certainly comfy. We both drive Toyotas that are less than 5 years old. I am comfortably able to pay my bills and save for retirement. I wish I made more so my wife could stay home with the kids.

>>50584759
yeah things are going great rn. Bought apartment from trading profits, gf and I are still happy after 7 years together, quit my shit job 3 years ago. Have 4~ years worth of savings set aside. Still trading, and learning programming most of the day.
Gf wants kids so we settled on starting to try in a year or so. The thought of starting a family is rly warming on me though.

Remember anon, don't get comfortable because sooner or later something will go wrong. Either health, financials, death, or something else. You gotta keep on your toes and be ready. Enjoy the good times and realize they won't last forever.

>>50585767
forgot age, I'm 32 gf is 27

>>50585582
why not learn frontend dev? It's relatively easy, blockchain companies pay big money for it. You can work from anywhere. Start with HTML/CSS and then learn javascript + React. Make a portfolio, then start applying. You can do this in a year if you go at it every day.
You got a shit hand dealt or maybe you played your hand like an idiot, but you can still turn it around.

>>50584759
>have ~$25K in savings
>was quite proud of beating minimum wage in America
>be SEA monkey
pretty retarded but i set my goals against average incomes from 1st world countries. next goal is to beat minimum wage in the land down under. scratching my head thinking about how to hit median income in US. seems so far away. what a dream it would be...

>>50584759
Comfy thread, thanks OP.

Also doing fine, hitting 40, FIREd last year, doing still well after the crash. Getting a vacation home by a lake in a couple weeks and wife planning on second kod next year. Couldn‘t be happier, things are finally coming together. Happy family is the endgame